Saudi Arabia and Qatar have re-opened their airspace, sea and land borders in the first step toward ending a years-long diplomatic dispute.
Zurich Middle East has launched ZurichPro, a platform that digitises the entire financial planning process, allowing the sale of insurance products online without face-to-face interaction.
Insurers in the Gulf Cooperation Council (GCC) countries are exposed to substantial levels of receivables, putting them at risk of increased provisioning and exacerbating pressure on their profitability, says Moody's Investors Service in a report published last week.
Oman is set to become the first country in the Gulf Cooperation Council (GCC) to introduce an income tax on individuals to reduce a growing fiscal deficit.
American International Group AIG) Europe, Middle East and Africa has appointed Mr Mohamed Ali Bouabane as CEO of AIG GCC and North Africa.
Damana, a leading insurer in the GCC, has launched a drive to give motorists across the region access to more competitive insurance premiums and tailored products with the introduction of market-specific portals for brokers.
Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, and the global alternative investments firm Arcapita Group Holdings have sold their stake in NAS Neuron Health Services to a leading US-based Fortune 500 company.
Lockton Insurance Brokers UAE has appointment Mr Faris Khatib as its new CEO. Mr Khatib will provide executive leadership to Lockton MENA Limited's subsidiary in the UAE.
GCC travellers are planning trips and gearing up for travel, preferably to international destinations, as countries start to re-open their borders in the wake of the COVID-19 pandemic, according to a recent travel sentiment survey conducted by AllDetails, a Dubai based travel & tourism and communications agency.
The COVID-19 pandemic and associated lockdowns imposed by authorities have caused the sales of used cars to outpace those of new vehicles.